https://www.taxtmi.com/caselaws?id=393442 Invocation of pledged shares is treated as a disposal that can trigger disclosure under the SEBI takeover code where the prescribed threshold is crossed, and such change must be reported within the stipulated time. Pledge invocation and related off-market transfers also attract continuing disclosure obligations for promoters and specified persons under the insider trading rules when shareholding or voting rights change beyond the prescribed limits. Revocation of pledge likewise requires disclosure under the encumbrance provisions. The note states that penalties were sustained in substance, with limited relief only where the 2% threshold was not met for two transactions. en-us Fri, 18 Oct 2019 00:00:00 +0530 Mon, 16 Mar 2020 07:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393442 Invocation of pledged shares is treated as a disposal that can trigger disclosure under the SEBI takeover code where the prescribed threshold is crossed, and such change must be reported within the stipulated time. Pledge invocation and related off-market transfers also attract continuing disclosure obligations for promoters and specified persons under the insider trading rules when shareholding or voting rights change beyond the prescribed limits. Revocation of pledge likewise requires disclosure under the encumbrance provisions. The note states that penalties were sustained in substance, with limited relief only where the 2% threshold was not met for two transactions. Case-Laws SEBI Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393442